Platinum begins to record the targets – Analysis – 4-8-2017

Platinum price gained strong positive momentum to surpass 955.00 level, to approach from 23.6% Fibonacci correction level at 980.00, the continuation of the positive pressures in the near period will confirm the price readiness to target new levels by surpassing 980.00 level, to expect reaching 1020.00 and 1080.00.

By the above image, we notice the stability of the moving average 55 near the critical support at 935.00, to confirm the price confinement within the bullish range, besides the stability of stochastic within the overbought level will provide new positive momentum, to confirm the attempt of recording the suggested targets.

Expected trading range for today is between 935.00 and 886.00

Expected trend for today: Bearish